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The Department of Agriculture Agribusiness and Marketing Assistance Service inspects various meat products at a supermarket in Muñoz, Quezon City. 

The Department of Agriculture Agribusiness and Marketing Assistance Service, led by Undersecretary Deogracias Victor Savellano inspects various meat products at a supermarket in Muñoz, Quezon City on Tuesday, May 28, 2024. The inspection was conducted to inform the public that there is sufficient, safe, and affordable supply of meat products in the market. Maria Tan, ABS-CBN News

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MEAT-PRICES

Benise Balaoing

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171712937975520240528-DA-price-check-QC-6.jpg" style="width:950px" class="fr-fic fr-dib" alt="The Department of Agriculture Agribusiness and Marketing Assistance Service, led by Undersecretary Deogracias Victor Savellano inspects various meat products at a supermarket in Muñoz, Quezon City on Tuesday, May 28, 2024. The inspection was conducted to inform the public that there is sufficient, safe, and affordable supply of meat products in the market. Maria Tan, ABS-CBN News"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">The Department of Agriculture Agribusiness and Marketing Assistance Service, led by Undersecretary Deogracias Victor Savellano inspects various meat products at a supermarket in Muñoz, Quezon City on Tuesday, May 28, 2024. The inspection was conducted to inform the public that there is sufficient, safe, and affordable supply of meat products in the market.<em> Maria Tan, ABS-CBN News</em></span><em> </em></span></span></span></div><p>MANILA -- <span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Inflation may settle somewhere between 3.7 and 4.5 percent in May, the Bangko Sentral ng Pilipinas (BSP) said Friday. </span></p><div><span id="isPasted">The BSP said higher </span><a href="https://news.abs-cbn.com/business/2024/5/14/meralco-hikes-rates-in-may-1112" target="_blank" rel="noopener noreferrer"></a><span id="isPasted"><a href="https://news.abs-cbn.com/business/2024/5/14/meralco-hikes-rates-in-may-1112" rel="noopener noreferrer" target="_blank">electricity rates</a></span><span id="isPasted"> and vegetable prices have driven prices upward. The depreciation of the peso also has an effect on prices, as it makes imports more expensive, the BSP said.</span><a href="https://news.abs-cbn.com/business/2024/5/27/peso-depreciation-only-temporary-bsp-1512"></a></div><p>But lower rice, fish, and fruit prices, as well lower <a href="https://news.abs-cbn.com/business/2024/5/27/oil-prices-rise-as-may-ends-846">oil</a> and liquefied petroleum gas <a href="https://news.abs-cbn.com/business/2024/4/1/cooking-gas-prices-down-on-first-day-of-april-1134">(LPG)</a> prices may offset the spike in costs. </p><div><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Inflation quickened in </span><a href="https://news.abs-cbn.com/business/2024/5/7/inflation-quickens-to-3-8-percent-in-april-833"></a><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"><a href="https://news.abs-cbn.com/business/2024/5/7/inflation-quickens-to-3-8-percent-in-april-833">April</a></span><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"> to 3.8 percent as food prices continued increasing. </span></div><div><span id="isPasted"><a href="https://news.abs-cbn.com/business/2024/5/27/ph-rice-prices-seen-falling-20-pct-by-september-recto-1732" rel="noopener noreferrer" target="_blank">PH rice prices seen falling 20 pct by September: Recto</a></span></div><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/5xfyb4ViKD0?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>Inflation may settle somewhere between 3.7 and 4.5 percent in May, the Bangko Sentral said Friday. </p>

Inflation may settle somewhere between 3.7 and 4.5 percent in May, the Bangko Sentral said Friday.

Inflation may reach between 3.7 to 4.5 pct in May: BSP

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Inflation may reach between 3.7 to 4.5 pct in May: BSP

Benise Balaoing,

ABS-CBN News

Published May 31, 2024 12:46 PM PHT

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